diff --git a/CHANGELOG.rst b/CHANGELOG.rst
index 5dcfaf4a..544d2290 100644
--- a/CHANGELOG.rst
+++ b/CHANGELOG.rst
@@ -4,6 +4,14 @@ Google.Cloud Release Notes
 
 .. contents:: Topics
 
+v1.5.4
+======
+
+Bugfixes
+--------
+
+- gcp_compute_instance - add discard_local_ssd flag to enable deletion of instances with local disks (https://github.com/ansible-collections/google.cloud/pull/686).
+
 v1.5.3
 ======
 
diff --git a/changelogs/changelog.yaml b/changelogs/changelog.yaml
index c93d52a5..4ea991dc 100644
--- a/changelogs/changelog.yaml
+++ b/changelogs/changelog.yaml
@@ -142,3 +142,11 @@ releases:
     fragments:
     - 682-update-readme.yaml
     release_date: '2025-04-30'
+  1.5.4:
+    changes:
+      bugfixes:
+      - gcp_compute_instance - add discard_local_ssd flag to enable deletion of instances
+        with local disks (https://github.com/ansible-collections/google.cloud/pull/686).
+    fragments:
+    - 686-discard-local-ssd.yaml
+    release_date: '2025-06-03'
diff --git a/galaxy.yml b/galaxy.yml
index fd0d4fb5..007415a6 100644
--- a/galaxy.yml
+++ b/galaxy.yml
@@ -10,7 +10,7 @@ namespace: google
 name: cloud
 
 # The version of the collection. Must be compatible with semantic versioning
-version: 1.5.3
+version: 1.5.4
 
 # The path to the Markdown (.md) readme file. This path is relative to the root of the collection
 readme: README.md